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Search Results 0 to 42 of about 43 (some duplicates have been removed)
taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the federal government's statuary borrowing limit for three months with a requirement that both chambers of the congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. the senate should pass a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had mul
by what our government does in the weeks and months ahead. okay. quick question about the debt ceiling. these talking points, that the right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. ♪ ♪ the trucks are going farther. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? >> john: before we could even shake off our collective fiscal cliff fatigue it's now back to the doldrum
a new plan to eliminate the debt ceiling, claiming the gop is exploiting the issue for political gain. doug mckelway is live in washington with more on the democratic plan and the road ahead. hi, doug. >> reporter: hi, jenna. this democratic plan in a nutshell would basically do away with the statute that calls for the debt ceiling in the first place, allowing spending in effect to go up and up and up without the artificial cap that the debt ceiling is indeed. democrats are explaining this in a press conference right now as we speak, so we'll be learning a lot more about it as the day progresses. republicans obviously deeply opposed to this thing, fearful that democrats will indeed use it to allow spending to go up and up. here is senator john barrasso speaking on fox news this morning. >> we have a spending problem in this country. people all across the country know it. they know it in wyoming. families have to balance their budget every year. many states do. we do in wyoming. it is time for the senate and the house and the president to get serious about limiting our spending and spe
warnings about the u.s. credit rating and the debate over the debt ceiling. why some think this could mean new hope for a minting a trillion dollar coin we could use to pay our bills. we thought that was settled. maybe not. and this high school principal is in hot water after trying to connect with students with a video that he says was meant to be a parody. we'll push play and you decide. and a reporter yesterday challenged the president about whether he's doing enough to reach out to republicans and trying to negotiate the big deal he says he's looking for. we'll show you his response and look at what that could mean for the gun debate, the debt ceiling and the rest. >> most people who know me know i'm a pretty friendly guy. and i like a good party. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. turn your world upside down with gillet
the power to ignore the debt ceiling. >> shannon: all right sm. democrats are pointing to a section that reads that the validity of the public debt of the united states should not be questioned. they say, based on that, they would support president obama, in raising the debt ceiling without congressional approval. joining me now to talk about that and many other thicks, former mississippi governor, republican, haley barbour. thank you for coming in. >> i hope the president doesn't try to do that. to try to take away from the congress the power that the constitution directly gives the congress. that is the power to -- to spend, the power to control the debt. i know that the treasury department has announced they are not going to do it. i hope they stick to that decision because this is -- we should never have a situation where one person-- the president -- can put our country deeper, deeper, deeper in debt. we are doing a bad job of that now. it would be really bad if it was not -- if the congress let their control go. >> shannon: you saw the white house press secretary says it is no
these crises. this is coming up again in february when it's going to be time to raise the nation's debt ceiling, and there's no clear path in during that at this point. it will happen in march when they have to extend government funding, and will the government shut down if they don't? these budget battles will continue to find congress, and there's really no way out, so if we -- if congress can't resolve a lot of these issues, you probably bet that that approval rating will be and will go even lower if that's possible. >> it is possible. the numbers, as we're looking at it just a moment ago, manu and meredith, hit in the 10% range not too long ago. the question is will they go single digit? on abc this week senator joe manchin had some things to say about getting things done in both chambers. listen to this, and i'll get your reaction. >> okay. >> i've yet to have a bipartisan meeting that's been organized where republicans and democrats in the senate sit down and work through their problems. think about just in the senate we don't have that type of dialogue going on from democrats and republi
the debt ceiling. it also removes the debate on section four of the 14th amendment. we will focus on all of this this sunday morning. it was a call. numbers at the bottom of your screen. we also want you to join us online on twitter and facebook or send us an e-mail. we will get your calls and comments in just a moment. our question, whether or not they residents can -- president can't bypass congress to raise the debt ceiling. she is preparing for his inaugural address. the president will seek a citizenship pass in a push as the debate over immigration continues here in washington and around the country. another headline getting a lot of attention is that the vice president continues his recommendations on how to deal with gun violence. tuesday he will give the president has outlined. p--- his outline. ,et's go to the hill newspaper which has one of a number of stories on this sunday morning related to the debt limit. senate democrats telling the president he may need to raise the debt limit on his own. a letter sent to the president on friday advising the white house to be prepared to
credit status if there's a delay in raising the debt ceiling. the federal government is expected to exceed its borrowing limit by march, unless congress acts. if fitch does downgrade u.s. debt, it would join standard and poor's, which took that action in 2011 during the last debt ceiling debate. the u.s. house moved to pass a hurricane sandy relief bill this evening. $17 billion would go for immediate recovery in the affected northeastern states. another $33 billion is for long- term spending. some republicans argued that much of the money isn't for emergency relief at all. california's tom mcclintock called for stripping that funding out. >> according to the congressional budget office, more than 90% of this money won't even be spent this year. that's not emergency relief. $16 billion is to quintuple the size of the community development block grant program. that's the slush fund that pays for such dubious projects as doggie day care centers and doesn't even have to be spent in the hurricane area. >> sreenivasan: other republican >> sreenivasan: other republicans joined with mos
nothing and there are also no meetings even planned regarding the debt ceiling and the inevitable issue that is are faced by those who need to make the decisions for us. >> yeah. we have got this triple deadline coming up. and nobody -- everybody says they don't want to do it at the last minute the way we did with the fiscal cliff but nobody seems to be talking about it yet. you don't have negotiations started. granted we are in a bit of a holding pattern with the inauguration coming up and maybe things start to happen after that but nobody seems to be jumping in proactively for a solution to these issues that are coming up and that's because they're tough decisions. they're hard. and nobody has something that is universally palatable ready to off offer. >> with that said, will we see a separation of spending cuts the republicans say they want to desperately and separate it from the debt ceiling? as the president said, you can't run out on a meal you have eaten. this is not new debt. this is bills we have acquired. the government and this country must be obligated to do the same. >> wel
in terms of what they can do, specifically on the debt ceiling, for example. we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just eoverreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%, disapprove 42%. but when they are asked how is the country headed, right direction 35%, wrong direction, 57%. they approve of the president but think he's going completely in the wrong direction. he's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to give him that. what are his challenges in the second term? >> the fir
. >> schieffer: let's shift the matters back here at home. money, we've got the debt ceiling argument coming up here. the government's going to run out of money at the end of february if something isn't done. do you see more of the same what we saw during this fiscal cliff or is this something better on the horizon. >> wouldn't that be great if i could say yes but i can't say yes. remember when the election ended and it looked like this was going to be an era of compromise. john boehner came out and said of course we want to work with the president. the president said of course we want to work with the public. that was shattered within about 20 minutes after both men said that. and so i don't think we're looking at compromise anywhere, it's really about who can get their way by trying to intimidate the other side more. so democrats not the president but other democrats saying hey here's a way that's not compromise. we're going to print a coin, a trill undollar coinen dollar coin. think of this sort of establishment republican saying how about a partialual shut down of the government to get what
in washington will be over the debt ceiling. can president obama end this craziness and bypass congress altogether? we'll talk about the out of the box solutions and whether they would work. >>> and, finally, this is the signature of the man who might be the next treasury secretary. we'll look back through history to see if there's any loopy president. speaking of secretaries of the treasury three former holders of the office and many other statesmen and women offering advice to the president on a new gps special tonight "memo to the president, road map for a second term." tonight at 8:00 p.m. and 11:00 p.m. eastern and pacific. >>> first, here's my take. chuck hagel's nomination as america's next secretary of defense has drawn fire from people who say he's outside of the main stream. in fact, he's a pretty straight forward, traditional republican on most issues with a reluctance to go to war, born of knowledge and experience. where hagel does appear out of the mainstream in washington's world of group think is on iran. which i would argue is a good thing because washington desperately
the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there were some things he said that were true, some things that he said that were, i think, misleading. importantly, he didn't put into proper context the discussion that we're having nationally about the debt ceiling and about the state of our finances more broadly. if you look at where we are, more than $16 trillion in debt, the president is right when he says tha
ceiling. geithner says he will replace the money, about $156 billion, once the debt limit is raised. it should not jeopardize monthly pension payments. >>> the world anti-doping agency says if lance armstrong wants to compete, he'll have to testify under oath. in a tell-all interview with oprah airing tonight, armstrong admits to doping. we're also hearing from the livestrong foundation which said in a statement, we expect lance to be completely truthful and forthcoming in his interview and with all of us in the cancer community. inspired by the people with cancer whom we serve, we feel confident and optimistic about the foundation's future and welcome an end to speculation. >>> just moments ago, look at this, crews rescued a woman who had been trapped for several hours in between buildings in portland, oregon. she apparently went out for a smoke break and somehow fell into a tight space between those buildings. firefighters actually had to cut through a wall of a parking garage to get her out. she was smiling, though when she was pulled out. >>> japan's top two airlines clipped the
contact.com/try. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops or contracts with small business owners. investors around the world will ask if the united states of america a safe bet. >> the republican house speaker john boehner responding immediately to the president's remarks issuing a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, c
there not be crisis after crisis dealing with the debt ceiling. >> you said last night, you've got to put on a yogi bear costume to make sense of it. >> returning a lot to shareholders. >> one wonders. >> $12 million they're talking about. >> they have been increasing, of course, ever since the huge cuts that had to take place. what is it going to be now, four years ago, right? >> that period, $6. >> yeah. >> march of '09. amazing, coming up on the four-year anniversary. >> do you ever worry about your paycheck? >> yeah. i think you worry about money you had in any bank account or anything. sure. ge was to cushifocused in the ff '08, that was the moment where it could all come to -- >> that was after the ge bailout. >> sorry, not to revisit the -- >> we have to remind people where we came from. tim geithner leaving, david faber is worried about his paycheck. >> speaking of paychecks, let's talk morgan stanley. wall street firm reporting fourth quarter earnings 45 earlier on squawk, james gorman said his firm is poised to improved market environment. which shows a lot of promise if uncertainty is re
. and number two, i think it is fido, as the president said so clearly yesterday, that the debt ceiling essentially must not use to say what then that essentially takes on and essentially undoes the basic full faith and credit of the united states of america. the president made so clear what would he have staked if that were to happen and i just think it's so critical that not occur. you know, i've been through these battles as i've said for many decades, but i don't remember anyone essentially saying we should go over the cliff in terms of the full faith and credit of the united states. the consequences with teeth, i think, to not take, potentially cataclysmic. and for the republicans who essentially say, let's do it, i think that would be a very, very serious mistake with foreseeable consequences. the federal reserve has said don't do it and i think the responsible position is we should not flirt with it. >> said they don't march on me with torches that they start asking you questions. something cataclysmic shouldn't be done in terms of reaching the debt ceiling, yet does science seem
conservatives for their debt ceiling hostage tactics. today it was the editors of the national review who said it was a bad idea. americans for prosperity, which is backed by, yes, the koch brothers, also said it was a bad idea. even newt gingrich, the rotund king of so many boad ideas, has said enough. >> in the end it's a threat they can't sustain. no one is going to defall. no one is going to allow the united states to not pay its bills. >> joining us now from washington is david corn, d.c. bureau chief for "mother jones" magazine and jared bernstein is a senior fellow at the center on budget and policy priorities. good afternoon to both of you. jared, if president obama were the one holding the debt ceiling hostage, right as the housing, auto, and retail sectors seem to be rebounding, wouldn't the house republicans be calling the president's tactics those of a socialist who wanted to bring down the american economy? >> i think they would, and i appreciate your bringing the economy into it. the president did that yesterday. the more we talk about the debt ceiling after obsessing over the fi
take the debt ceiling off the table. but if not mint the darn coin." 24 hours later, the treasury department said no way. it's not going to happen and closed the doors. make the case for why you were for it. >> the thing you have to understand, the debt ceiling is a fundamentally stupid and -- but dangerous thing. we have congress that tells the president how much he must spend, tells him how much he's allowed to collect in taxes. he says okay there's a difference there. i've got to borrow it. no, you can't borrow it. so the whole debt ceiling thing itself is a crazy thing and forces the president to do something illegal. either to defy congress on what it told him to spend or defy them on borrowing and told him not to and have the weird loophole which everyone agrees is crazy. but is a loophole that says that the secretary of the treasury can mint a coin for any amount which is supposed to be for commemorative pieces but does avoid -- does offer a way to bypass this and all that's really doing is the way to bypass the debt ceiling. it isn't even printing money but saying, hey, we
are huddling in southern virginia. to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior political analyst. brit hume. good evening. >> hi, bret. >> the house republicans are not wrong to seek spending cut to allow borrowing by a treasury more than $16 trillion in debt. but in politics it's not enough to be right. you need to be effective. it requires recognition that politics is a team sport and being united is critical. this is true if the party controls one house of congress and the other party not only has the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some house republ
for raising the debt ceiling. it's on them. if they want to take the heat for veterans benefits and social security benefits not getting to people, what game of chicken are we playing here? >> really high stakes game of chicken is what we're playing here. i had the occasion of going back and reading actually the president's first news conference after he became president, and he is talking then about his overtures to republicans and how he hopes he can create habits of good behavior. well, it's been four long years, and that was about the feistiest press conference spurred by nothing other than he just really wanted to send this signal once again. his message was i'm not backing down, and he is getting the message back from republicans that they aren't either. i think we're going to be asking ourselves which side is going to blink for the next several weeks. i don't know that -- i don't feel confident that i know the answer to that question. >> ruth marcus, thank you very much. kristen welker thank you, from the white house. >>> new york state now is the first state to push ahead with what
if congress doesn't raise the debt ceiling. president obama says he will not negotiate this issue with congress but republicans want any increase in the debt ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue
morgenson talks about mortgage lending. steve bell talks about the debt ceiling. then, the mission and scope of the bureau of all, tobacco, firearms, explosives. "washington journal," live at 7:00 a.m. eastern on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> next, "q&a." then, david -- david cameron takes questions at the house of commons. then a discussion on the guantanamo detention facility. >> the fundamental idea here is if you spend time in silicon valley, if you spend time in detroit, where the automobile industry is being rebuilt, if you spent time outside the beltway, you see that america has the potential to generate abundance for its own citizens and for the world. you spend time only inside the beltway, it looks like a zero sum game. it looks like a lose-lose. who will lose the most is the gist is the -- gist of the negotiation. water the lessons of the technology sector? what are the lessons that have come from the optimism in the technology sector? how can they give us some ideas that we can pass it a
the debt ceiling about to get a bit more dismal. the white house has no plan b in the debt fight, challenging republicans to allow them to bore row more money or allow the country to default on its loans. 16 trillion in debt. getting higher by the clock. senator mike lee has a vote on this from utah. thank you for coming here. no backup plan according to the white house. in addition the treasury department says there is no plan b. what do you think about that? >> well, that's a problem. too often in washington we're faced between kind of a false choice. we're presented with a choice that says, okay, you either take no cuts at all and raise the debt limit, or you raise the debt limit with the promise of kits that may never transpire and that kind of cut simply won't cut it anymore. hard-working americans deserve better than this and all the programs they rely on are placed in jeopardy by reflexively raising the debt limit without putting in place permanent structural reform. bill: what do you think will happen? sometime about mid-february we start to see you guess something develo
Search Results 0 to 42 of about 43 (some duplicates have been removed)